Spanish technology and defense company Indra Sistemas SA (IDR) announced on Friday that it has successfully completed its share buyback program, reaching the maximum number of shares permitted under the initiative.
Buyback Program Concludes Early
Indra confirmed that the buyback program was completed ahead of schedule, signaling strong execution and adherence to its capital management strategy. The company had initially launched the program to enhance shareholder value and optimize its financial position.
Liquidity Contract Resumes
Following the completion of the buyback, Indra Sistemas will resume its liquidity contract starting March 10. This move is expected to provide additional stability and liquidity to its shares in the market, reinforcing investor confidence.
The early completion of the buyback highlights Indra’s proactive approach to capital allocation and financial discipline, positioning the company for future growth in the technology and defense sectors.
